Decision Maker: Deputy Chief Executive - Communities
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The recommendation to fund ‘Grants 4
Growth 2’, as set out in this report, enabling the immediate
mobilisation of grants for local business growth and the creation
of a growth advisory service. That a proportion of the
council’s funding relating to the Supporting Local Business
of UK Shared Prosperity Fund (UKSPF) and Rural Prosperity Fund
(RPF) is utilised for this purpose.
To award £803,131 of the council’s allocation of UK Shared Prosperity Funding and Rural Prosperity Funding to Grants 4 Growth 2
Considerations and conclusions for this investment are made within the text of this report, including the options appraisal below.
Option 1 - Proceed as per the recommendation of this Report
Under this option, the recommendations of establishing both a business grants and advisory support scheme will be implemented. This will support the realisation of the benefits as set out within the report below.
Option 2 – Do nothing
Under this option, the recommendations are not taken forward and neither the business grants nor the advisory scheme will go ahead and consequently, the benefits of the report detailed below will not be realised.
Reason Key: Incurring expenditure above £75,000 threshold in respect of revenue/£180,000 in respect of capital;
Wards Affected: (All Wards);
Conflict of Interest: n/a
Dispensation Granted: n/a
Other reasons / organisations consulted
-The Leader of the Council
-The relevant Portfolio Holder
-The Supporting Local Business Theme Group
-The South Holland UKSPF/RPF Partnership Group
-Senior Officers (SLT)
Contact: Saul Farrell, Senior Programme Manager - UK Shared Prosperity Fund/Rural Prosperity Fund Email: Saul.Farrell@sholland.gov.uk.
Publication date: 09/06/2023
Date of decision: 09/06/2023
Effective from: 17/06/2023